There are always different ways to find the right solution for a client wanting to raise finance. We will try to look at the varied financial options to achieve our clients’ goal and figure out which would be the right deal for them and their business.
Re-mortgaging is one of these terms that we hear often, sometimes without necessarily understanding what it means. A re-mortgage is a change of the mortgage deal on your property, either by switching it to a new lender, or by moving to a different rate with your existing lender. It can be an effective way to find lower interest rates and better mortgage terms, but what you are generally doing is “swapping” the terms you have for different terms, with different conditions attached.
Why can a re-mortgage be a good idea?
There are lots of reasons why borrowers might choose to re-mortgage their commercial property.
ASC might be able to help you, we have, after all, been supporting businesses with their lending needs for over fifty years. Contact your local ASC office to support your finance application.